macquarie everbright infrastructure fund management company establishes footprint in pudong, shanghai
4 november 2011, hong kong – china everbright limited, macquarie group and pudong xinqu representatives have entered into an mou that officially establishes macquarie everbright infrastructure fund management company in pudong, shanghai. mr. chen shuang, ceo of china everbright, mr. ben way, senior managing director, macquarie infrastructure and real assets, mr. jiangliang, vice chairman of the shanghai municipal committee and governor of shanghai pudong xinqu, mr yanyu, vice governor and member of the standing committee of pudong xinqu, and mr shi haining, minister of the pudong xinqu ministry of finance attended the signing ceremony.
the macquarie everbright infrastructure fund completed its first tranche of fundraising earlier this year, at a total of usd 729 million. it is currently undergoing its second phase of fundraising, which is expected to boost the total to usd 1.5 billion. the fund is focused on core infrastructural projects around the greater china region, including highways, airports, sewage treatment facilities, ports and railways. it recently unveiled plans to invest 1 billion yuan in a mainland highway project.
mr chen shuang stated, “china everbright recently expanded its venture capital and asset investment funds, on top of its solid private equity funds. in addition to the infrastructure fund, the everbright ashmore real estate fund will commence new fundraising in order to focus on commercial real estate in the mainland. our new energy fund also has two new projects in the pipeline.” in addition, china everbright is actively planning mezzanine, healthcare fund and aviation fund, further expanding the business’ scale and product range.
china everbright currently has 12 funds at a management size of hk$ 19 billion. emphasising “macro asset management” as the cornerstone of its business philosophy, the company leverages its international management structure and platforms for the benefit of its private equity, venture capital, asset investment and hedge funds, exploring mainland enterprises with high growth potential. its listed projects include china high speed transmission, goldwind science & technology, china sunshine paper and being mate among many others.
